Murchison Metals Limited

Murchison Metals Limited (ASX:MMX) (PINK:MUMTF) is pleased to announce that John Langoulant has been appointed Chief Executive Officer of Oakajee Port & Rail ("OPR").

Murchison Metals Limited (ASX:MMX) (PINK:MUMTF) is pleased to announce a significant Resource increase at the Jack Hills Project in which it holds a 50% interest through Crosslands Resources Ltd (Crosslands).

Murchison Metals Limited (ASX:MMX)(PINK:MUMTF) is pleased to announce that a study update has been released by Crosslands Resources Limited (Crosslands). The update underlines Murchison's growing confidence in Jack Hills' potential as a large scale, multidecade project yielding substantial cash flows and economic value.

Murchison Metals Limited (ASX:MMX)(PINK:MUMTF) is pleased to announce that the environmental approval process had been confirmed for the terrestrial port and rail components of Oakajee Port & Rail's (OPR) mid-west infrastructure project.

As at 30 September 2009 Murchison Metals Limited (ASX:MMX)(PINK:MUMTF) was debt free and had cash and liquid investments of A$108 million, a decrease of A$17.4 million from the previous quarter. Included in this cash outflow are amounts paid to Crosslands and OPR of A$13.9 million to finance feasibility studies and exploration costs. Interest earned on investments for the quarter amounted to A$1.1 million.

Murchison Metals Limited (ASX:MMX)(PINK:MUMTF) welcomes the appointment by Crosslands Resources Ltd (Crosslands) of Steve Cowley in the role of Project Director - Mine.

Murchison Metals Limited (ASX:MMX)(PINK:MUMTF) is pleased to announce an updated Mineral Resource estimate for its 100% owned Rocklea Iron Ore Project in Western Australia. Since announcing a maiden resource in February 2009, Murchison has conducted a comprehensive infill drilling program, with a focus on the eastern part of the project and a higher grade zone identified as part of previous drilling campaigns.

Murchison Metals Limited (ASX:MMX)(PINK:MUMTF) is pleased to present its financial statements for the 2009 financial year. 2009 was a year of great progress on the development of Murchison's assets, including its 50% interest in each of Crosslands Resources Ltd (Crosslands), owner of the Jack Hills iron ore project, and Oakajee Port and Rail (OPR), developer of new port and rail infrastructure to serve the mid-west mining industry.

A group of junior miners in Pilbara region have formed an alliance to develop an independent iron ore export terminal at Australia's Port Hedland, while the big miners have dominated their own infrastructure projects.

Murchison Metals Limited (ASX:MMX)(PINK:MUMTF) is pleased to announce that based on results from the current exploration program at the Jack Hills iron ore project Crosslands Resources Ltd (Crosslands) is targeting an additional 400 to 1,000 million tonnes of primarily beneficiation feed (BFO), with a component of direct shipping material (DSO).